The value of bitcoin has risen sharply on Friday. According to experts, this is probably due to comments from Tesla CEO Elon Musk on Twitter.
The price of the digital currency had reached about $ 37,000 by the end of the morning. That is more than 18 percent more than the day before. Moments later, the price dropped a bit again.
Musk wrote in his profile on Twitter earlier in the day “#bitcoin”. Also, he posted a message stating that it was “inevitable in retrospect”. It is not clear whether he is explicitly referring to the price increase of bitcoin.
The well-known entrepreneur often sets prices in motion with his comments. He is followed on Twitter by nearly 44 million people. For example, GameStop’s share of the game retailer rose 50 percent on Tuesday after Musk posted a message about the company.
In the last few days, there has been a lot to do about the latter share. Small investors united on the online platform Reddit have massively bought GameStop shares to burden professional investors who speculate on a price drop with heavy losses.